Monday, June 13, 2011

6/13 11:15

I'm currently holding only the short stock mutual funds. For the next several days I'm expecting rally. All of my longer-term sentiment gauges are bearish. The short-term timing series points to a rally 8-days ahead and indicates Friday or today as bottom days.

The daily technical composite indicates rally now. The behavior of this series in +20 leads to at least a multi-day rally.

The backdrop is bearish, with the weekly technical composite on a -12 sell signal until it returns to -3.